This is a great income property with 3 efficiencies and 1 two bedroom. Nicely updated kitchens and bathrooms in each unit. Two bedroom unit has a covered porch. Nice yard for the tenants to enjoy. Convenient location near Eastern Michigan University's main campus—just minutes from Downtown Ypsilanti, Depot Town, and Riverside Park. Landlord pays gas and water. Monthly Rent info: Unit #1 thru 4/25/25: $1,100; Unit #2 thru 6/25/26: 932; Unit #3 thru 3/25/25: $858; Unit #4 thru 7/25/25: $800; Garage: $100
Sold
$340,000
505 Emmet St, Ypsilanti, MI 48197
5beds
4baths
--sqft
2 to 4 Units
Built in 1870
-- sqft lot
$342,300 Zestimate®
$--/sqft
$1,566 Estimated rent
Home value
$342,300
$305,000 - $383,000
$1,566/mo
Zestimate® history
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$1,566/mo
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$1,566/mo
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$2,266/mo
Est. payment
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$2,266/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Richard Jarzembowski 734-645-3634,
The Charles Reinhart Company
Bought with:
Gregory Paffel
Source: MichRIC,MLS#: 25001778
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Michigan Basement,Partial,Walk-Out Access
Property
Parking
- Total spaces: 3
- Parking features: Aggregate, Driveway
Lot
- Size: 4,356 Square Feet
- Dimensions: 48.32 x 91
- Features: Level, Sidewalk
Details
- Parcel number: 111140182002
- Zoning description: CN
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Other
- Roof: Rubber
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Ypsilanti
Financial & listing details
- Tax assessed value: $85,995
- Annual tax amount: $7,156
- Date on market: 1/16/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2025 | Sold | $340,000-2.9% |
Source:  MichRIC #25001778 Report a problem | ||
| 1/29/2025 | Contingent | $350,000 |
Source: MichRIC #25001778 Report a problem | ||
| 1/16/2025 | Listed for sale | $350,000-11.4% |
Source: MichRIC #25001778 Report a problem | ||
| 7/10/2024 | Listing removed | -- |
Source: MichRIC #24032325 Report a problem | ||
| 7/4/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/25/2024 | Listed for sale | $395,000+122.5% |
Source: MichRIC #24032325 Report a problem | ||
| 6/22/2024 | Listed for rent | $847 |
Source: Zillow Rentals Report a problem | ||
| 6/21/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/11/2024 | Listed for rent | $847 |
Source: Zillow Rentals Report a problem | ||
| 6/10/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/20/2024 | Price change | $847-23% |
Source: Zillow Rentals Report a problem | ||
| 4/18/2024 | Listed for rent | $1,100+37.5% |
Source: Zillow Rentals Report a problem | ||
| 12/16/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/19/2023 | Listed for rent | $800+540% |
Source: Zillow Rentals Report a problem | ||
| 6/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/1/2023 | Listed for rent | $125-88.6% |
Source: Zillow Rentals Report a problem | ||
| 4/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/26/2023 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 3/16/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/10/2023 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 8/3/2016 | Sold | $177,500-4% |
Source: Public Record Report a problem | ||
| 6/15/2016 | Pending sale | $184,900 |
Source: The Charles Reinhart Company #3241232 Report a problem | ||
| 6/10/2016 | Listed for sale | $184,900 |
Source: The Charles Reinhart Company #3241232 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,156 | $136,300 +20.2% |
| 2024 | -- | $113,400 +5.6% |
| 2023 | -- | $107,400 +9.6% |
| 2022 | -- | $98,000 +2.8% |
| 2021 | -- | $95,300 +1.7% |
| 2020 | $6,672 | $93,700 +9.5% |
| 2019 | -- | $85,600 +14.6% |
| 2018 | -- | $74,700 +6.9% |
| 2017 | $4,740 | $69,900 +27.6% |
| 2016 | $4,740 | $54,800 -4.9% |
| 2015 | -- | $57,599 +3.2% |
| 2014 | -- | $55,800 |
| 2013 | -- | $55,800 +1.5% |
| 2012 | -- | $54,962 +2.7% |
| 2011 | -- | $53,518 +1.7% |
| 2010 | -- | $52,624 -0.3% |
| 2009 | -- | $52,783 +4.4% |
| 2008 | -- | $50,559 +2.3% |
| 2007 | -- | $49,423 -44.7% |
| 2005 | -- | $89,400 +10.6% |
| 2004 | -- | $80,800 +8.2% |
| 2003 | -- | $74,700 +12% |
| 2002 | $3,084 +18.4% | $66,700 +13.2% |
| 2001 | $2,606 +32.1% | $58,900 +22.5% |
| 2000 | $1,972 +138.4% | $48,100 +3.9% |
| 1999 | $827 | $46,300 |
Find assessor info on the county website
Neighborhood: Riverside
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Nearby schools
GreatSchools rating
- NAPerry Early Learning CenterGrades: PK-1Distance: 0.8 mi
- 3/10Estabrook SchoolGrades: PK,1-8Distance: 1 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$342,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$342,300
- Michigan
- Washtenaw County
- Ypsilanti
- 48197
- Riverside
- 505 Emmet St
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